Welcome to 713 Fawndale Ln. located in the highly desired City of Windcrest. This spacious home offers over 3,000+ sq ft with an extremely open layout and multiple living areas, giving you flexibility for any lifestyle. Featuring three oversized bedrooms plus an additional loft, there is no shortage of space. One of the secondary bedrooms is currently being used as an office, providing an ideal setup for work-from-home or a study retreat. Upon entering, you will immediately notice the soaring ceilings and abundance of natural light. The home includes a separate dining room, separate living room, and a separate family room, allowing for both entertaining and everyday living. The kitchen offers great countertop space, an additional breakfast area, and a hidden butler's pantry for extra storage. The primary suite is generously sized and provides plenty of room for comfort. Secondary bedrooms are large and versatile. The backyard offers a covered patio and additional flatwork already poured, making it easy to create your ideal outdoor space. Mature trees in both the front and back add privacy and curb appeal. A two-car garage is paired with a long driveway for additional parking. Windcrest is known for its golf course, walking and jogging trails, and strong holiday community spirit. The location is convenient to major highways, shopping, dining, and everyday essentials. Seller is offering $20,000 in seller concessions/flex cash. Buyer may apply this amount toward reducing the purchase price, closing costs, or an interest rate buy-down. We have also partnered with a preferred lender who will be offering additional incentives for qualified buyers. The seller's $20,000 flex cash is designed to help the buyer make any updates or upgrades to the home after closing, providing immediate value and customization potential. This home offers exceptional potential, generous square footage, and strong buyer incentives. A must-see to appreciate everything it has to offer.
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
